Yi Gang, governor of the People's Bank of China, speaks at the International Monetary Fund and World Bank Group Annual Meetings in Indonesia on October 14. Photo: Bloomberg
David Brown
Opinion

Opinion

Macroscope by David Brown

Trade war with the US shows China needs a new market-driven model for monetary policy

David Brown says while a more decisive interest rate cut would be beneficial now, what China’s central bank really needs is more transparency in monetary policy and less government dictation

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Yi Gang, governor of the People's Bank of China, speaks at the International Monetary Fund and World Bank Group Annual Meetings in Indonesia on October 14. Photo: Bloomberg
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